In March 2010 FNB (First National Bank) and PayPal (a unit of eBay) announced that they have teamed up to bring international online banking to South Africa. This basically means that FNB customers in South Africa would be able to sell goods/services to PayPal’s global user base.

So what can you really do with PayPal?

• Make / receive payments for goods and services online.
• Shop at merchants in 67 countries and regions.
• Secure payment
  Pay for things and send money without sharing your financial information with merchants
• Checkout quickly from your favourite online stores.
• Receive payments from buyers in 190 countries and regions.

How can PayPal benefit your business and website?

As I mentioned above, PayPal allows you to make and receive payments online. You can receive payments from 190 countries and regions which expand your business reach.

Users to a website often hesitate to purchase goods online. Just for the reason that they do not want to fill in their banking information in to just any website. PayPal allows you to create an online shopping experience that is secure for the users to your website where they do not need to share their banking information with you. This may increase your sales from your website. PayPal is also easy to use and easy for a developer to integrate it on your website with PayPal API’s which makes it an affordable solution.

Getting started with PayPal:

To get started with PayPal you need a qualifying FNB (First National Bank) account and online banking. All that is left to do now is to register a PayPal account!

Integrating PayPal on your website

Integrating or using PayPal on your website is easy – I’ll discuss integrating PayPal in my next blog entry.